Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesThis lesson covers basics of leasing and property management, explaining lease types, landlord and tenant responsibilities, handling security deposits, and simple risk management for managers and agents.
Lease types and key lease provisionsLandlord obligations and habitabilityTenant rights, defaults and evictionsSecurity deposit limits and accountingManagement agreements and fiduciary dutiesLesson 2Contracts and contract law: offer, acceptance, consideration, capacity, contingency, breaches and remediesThis lesson introduces how contracts are formed and enforced in real estate. It reviews offers, counteroffers, contingencies, common breaches, and remedies plus exam-tested contract clauses.
Elements of a valid and enforceable contractOffer, counteroffer and acceptance rulesConsideration, capacity and legalityContingencies, addenda and time limitsBreach, damages, rescission and specific performanceLesson 3Disclosures and property condition: material facts, latent defects, seller disclosure statutesThis lesson explores required property condition disclosures and what makes a material fact or hidden defect. It clarifies seller and agent duties, inspection matters, and documenting disclosure compliance.
Material facts versus opinions and puffingLatent defects and duty to investigateSeller disclosure forms and exemptionsLicensee disclosure obligations to buyersInspections, repairs and disclosure updatesLesson 4State-specific statutory variations and common addenda/forms to learnThis lesson focuses on how state laws change general real estate rules and contracts. It reviews common required forms and addenda, their uses, and how to fill them correctly for proper transactions.
Key state-specific licensing requirementsMandatory consumer disclosure formsCommon purchase contract addendaLead-based paint and property condition formsLocal custom clauses and practice variationsLesson 5Ethics, agency disclosure, dual agency and conflicts of interestThis lesson covers ethical standards, required agency disclosures, and managing dual agency or limited representation. It stresses spotting conflicts of interest, getting informed consent, and avoiding punishable actions.
Code of ethics and professional conductRequired timing and content of disclosuresDual agency, designated agency and consentConflicts of interest and disclosure dutiesDisciplinary actions and risk avoidanceLesson 6Agency law and fiduciary duties: duties, types of agency relationships, terminationThis lesson explains how agency starts, fiduciary duties to clients, and how agency relationships work. It covers proper disclosure, ways agency ends, and exam scenarios on duty breaches.
Creation of agency and required agreementsFiduciary duties owed to seller and buyer clientsTypes of agency: single, subagency, designatedBuyer brokerage and tenant representationTermination of agency and consequencesLesson 7Real estate finance basics: mortgage types, loan qualification metrics, closing costs, RESPA and TILA basicsThis lesson introduces key real estate finance concepts on the exam. It reviews loan types, qualification measures, closing costs, and consumer protections under RESPA and TILA for home transactions.
Mortgage types and loan program featuresInterest rates, points and loan pricingDebt-to-income and credit qualificationClosing costs, prepaid items and escrowsRESPA, TILA and Loan Estimate basicsLesson 8Fair housing, discrimination law, and HUD rules: protected classes, prohibited practices, advertising rulesThis lesson reviews federal and state fair housing laws, protected groups, and banned practices. It explains HUD enforcement, advertising rules, and how to create policies and scripts without discrimination.
Protected classes under federal and state lawProhibited conduct and disparate impactSteering, blockbusting and redliningHUD complaint process and enforcementFair housing compliant advertising rulesLesson 9Property ownership and land descriptions: estates, concurrent ownership, legal descriptionsThis lesson explains property ownership types and legal land descriptions. It covers freehold and leasehold estates, shared ownership forms, and methods like metes and bounds, lot and block, government survey.
Freehold and leasehold estate categoriesJoint tenancy, tenancy in common and entiretyCommunity property and marital interestsLegal description methods and accuracyEasements, encroachments and restrictionsLesson 10Closing procedures, title and deeds: chain of title, title insurance, deed types, recordingThis lesson covers steps from contract to closing, including title checks, fixing defects, and recording. It reviews deed types, required parts, and how title insurance safeguards parties.
Pre-closing timeline and coordination tasksChain of title and title search reportsTitle defects, clouds and curative actionsDeed types and essential deed elementsRecording, priority and constructive noticeLesson 11Handling client funds and escrow: earnest money procedures, trust account rules, recordkeeping and commingling prohibitionsThis lesson explains correct handling of earnest money and client funds. It covers trust account setup, deposit times, recordkeeping, reconciliation, and bans on mixing or misusing funds.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
